MedTech is a set of know-how and technologies used in the form of new medical devices to solve or improve health problems and quality of life. This can range from pharmaceutical devices to complete systems and equipment used in healthcare settings.
Some of these devices and/or solutions are specifically designed to enable early diagnosis, less invasive treatments, and significantly reduce the time required to treat health problems
MedTech covers a very wide range of areas, from software medical devices (SaMD) to biotech solutions and healthcare services. They are all being developed using Artificial Intelligence, 3D, connectivity (IoT) and other similar technologies.
It is important to emphasize that there are also consumer-facing MedTech solutions, such as apps or web platforms that provide additional information about medical products and services that are easily accessible and help patients and physicians monitor health status. Sometimes, remotely.
Overall, MedTech focuses not only on a technical solution, but also on the business side of things, allowing companies to save resources.